Finatra acquires Premium Asset Recovery Inc.

Finatra Captial Inc has announced plans to buy Premium Asset Recovery Inc. a factoring company specialising in the collection of consumer and commercial delinquent paper at discount prices.

Heller announces new General Counsel

Heller Financial Inc. has today appointed Mark Ohringer to General Counsel effective immediately. Ohringer joined Heller’s legal department in 1993 and spent the past 4 years as Chief Corporate Counsel.

CIT Allies With BtoBapparel.com

The USA’s largest provider of factoring, CIT Commercial Services, has further strengthened its position in the apparel e-commerce area today by announcing a strategic alliance with BtoBapparel.com, an internet based business to business marketplac

Finova’s Long and Short Term Debt Ratings Downgraded

The troubled international financial services company Finova Group which last week announced that they would be selling their factoring business to GMAC Commercial Credit, revealed their disappointment yesterday that Moody’s Investors Service had